Al Wathba National Insurance Co.
AADX:AWNIC3.24
AED
-0.02
(-0.61%)
ISIN
AEA001601011
Return %
Stock
S&P 500
1Y
-4.71
14.20
3Y
-7.43
81.12
5Y
-44.62
68.34
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.Company Description
- CEO
- Shukri Salem Musabah Humaid Al-Mheiri
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- Abu Dhabi United Arab Emirates
- IPO Date
- Nov 15, 2000
- Website
- awnic.com
- Similar Companies
- Business
- Al Wathba National Insurance Company PJSC is a United Arab Emirates-based public joint-stock company engaged in the underwriting of general insurance and reinsurance products across personal and commercial lines. Founded in 1996 and headquartered in Abu Dhabi, United Arab Emirates, the company serves individual, small-to-medium enterprise, and corporate clients through a network of branches across Abu Dhabi, Dubai, and Sharjah. The company operates primarily through its Underwriting and Investment segments. Its core product and service offerings comprise personal lines, including comprehensive and third-party liability motor insurance; domestic and international travel insurance; home and contents protection; individual health and medical insurance; pleasure craft and yacht insurance; and personal accident coverage. Its commercial and industrial lines include property insurance and business interruption; engineering insurance, covering contractors all risks, erection all risks, and machinery breakdown; marine cargo and hull insurance; aviation insurance; liability insurance, including general third-party liability, product liability, workmen compensation, employers liability, directors and officers liability, and professional indemnity; financial lines, such as bankers blanket bond and commercial cyber risk protection; and group medical and life insurance plans. In recent developments, Al Wathba National Insurance Company has advanced its digital transformation agenda through the deployment of artificial intelligence-enabled customer service interfaces, enhanced mobile application platforms, and automated digital claims processing systems to deliver instant quotation, policy issuance, and claims settlement. The company has expanded its product portfolio with tailored electric vehicle coverage options and comprehensive multi-risk packages for small and medium enterprises. Furthermore, the company has established strategic partnerships with regional insurtech aggregators and healthcare network administrators to broaden digital distribution channels and optimize claims administration, while fully integrating the IFRS 17 accounting standard across its financial reporting operations in alignment with Central Bank of the UAE regulations.